Response to FSA penalty
January 23 2009 - 4:05AM
UK Regulatory
TIDMERT
RNS Number : 1492M
Entertainment Rights PLC
23 January 2009
Entertainment Rights Plc
(the "Company")
Response to FSA Penalty
Entertainment Rights Plc notes the announcement by the Financial Services
Authority ('FSA') that it has imposed a penalty on the Company for contravention
of Disclosure and Transparency Rules between July and September 2008.
The Company accepts the judgment and has decided not to appeal the decision
through the Financial Services and Markets Tribunal.
The Company is pleased to note that the FSA has taken into account that
Entertainment Rights plc had taken steps to strengthen its board, to bring in
new senior management, and had admitted the breaches to the FSA and had
co-operated fully with the investigation.
The Company will take the GBP245,000 fine as an exceptional charge in this
financial year.
Enquiries:
Entertainment Rights plc - Tel. 020 8762 6200
Edward Knighton, Chief Financial Officer
M: Communications - Tel. 020 7153 1530
Ben Simons or Charlotte Kirkham
About Entertainment Rights
Entertainment Rights Plc (ER) is a global entertainment media company, with a
portfolio that includes some of the world's most popular children's, family and
pop-culture brands. With offices in London, New York and Nashville, the Company
specialises in the origination, acquisition and distribution of children's and
family programming, characters and brands. The Company's catalogue appeals to a
broad demographic from pre-school children to young adults and families. The ER
catalogue consists of more than 3,600 hours of content that has been distributed
in more than 170 territories worldwide. ER's expertise is in the exploitation
of its catalogue of brands and content in a number of key disciplines, including
television and theatrical distribution, product licensing and merchandising,
live and home entertainment, and digital media.
Key brands in ER's global portfolio include Postman Pat , Where's Waldo?(TM),
Tinga Tinga Tales(TM), VeggieTales , Rupert Bear , George Of The Jungle(TM),
Lassie , Casper The Friendly Ghost , Basil Brush , Finley The Fire Engine(TM),
The Lone Ranger , He-Man and the Masters of the Universe , She-Ra(TM) and
Rudolph the Red-Nosed Reindeer .
Visit www.entertainmentrights.com
This information is provided by RNS
The company news service from the London Stock Exchange
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